RSSCategory: Articles

Feb

21

What’s Your Financial Health Score?

Can a 5-question test predict how wealthy you will become? In the future, will you become wealthier or poorer? Who knows, right? It seems like you would need a crystal ball to really answer that question given life’s up and downs. What if the answer is right in front of you? What if you can […]

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Feb

16

Yes, Young Growing Families Can Save & Invest

It may seem like a tall order, but it can be accomplished. Plan to put yourself steps ahead of your peers. If you have a young, growing family, no doubt your to-do list is pretty long on any given day. Beyond today, you are probably working on another kind of to-do list for the long […]

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Feb

7

What’s Fueling the Drop in Oil Prices?

How long will it last? Who wins & loses from it? On the New York Mercantile Exchange, a barrel of light sweet crude is currently worth well under $60. Prices have dropped more than 25% in a month and almost 45% year-over-year. What is behind this free-fall? How long will prices keep dropping, and who […]

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Feb

2

The Solo 401(k)

A retirement savings vehicle designed for the smallest businesses. A solo 401(k) lets a self-employed individual set up a 401(k) plan combined with a profit-sharing plan. You can create one of these if you work for yourself or if you own a small business with just 1-2 full-time employees including yourself (the second FTE must […]

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Jan

25

The Latest on Social Security

Recipients get a raise in 2015. Ideas for reform are numerous. Social Security benefits are increasing 1.7% in 2015. This marks the fourth straight yearly cost-of-living adjustment, following a 1.5% COLA for 2014.1 Next year, the average monthly Social Security payment for a single retiree increases by $22 to $1,328. The average retired couple will […]

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Jan

17

The Stock Market Is Up & I Am Not … Why?

Remember that the major indices don’t represent the entirety of Wall Street. This past year we constantly heard the media reporting that the “market” is up, referring to the S&P 500. When it’s the S&P, everyone notices. They notice due to the media spotlight, and because it makes up a disproportionate percentage of many poorly […]

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Jan

12

Should You Apply For Social Security Now…or Later?

When should you apply for benefits? Consider a few factors first. Now or later? When it comes to the question of Social Security income, the choice looms large. Should you apply now to get earlier payments? Or wait for a few years to get larger checks? Consider what you know (and don’t know). You know […]

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Jan

5

Accentuating the Positive

Retiring? Saving for retirement? Here’s some good news. Are 90% of articles written about retirement pessimistic? Sometimes it seems that way. Repeatedly, we are reminded that most baby boomers haven’t saved enough for the future. There’s no denying this, but the media is giving short shrift to other, more positive developments that may be improving […]

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Dec

15

Getting Financially Fit for Retirement at 50

Things for trailing-edge boomers & Gen Xers to consider. When you turn 50, retirement starts to seem less abstract. In terms of retirement planning, a 50th birthday can act as a wake-up call. It may offer a powerful reminder to trailing-edge baby boomers and Gen Xers, many of whom are wrapping up their second act […]

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Dec

8

IRS Raises Retirement Plan Contribution Limits

Roth & traditional IRAs won’t get 2015 COLAs, but other plans will. A little inflation means a little adjustment. As the Consumer Price Index is up 1.7% over the last 12 months, the federal government is giving Social Security benefits a 1.7% boost for 2015 and lifting annual contribution limits on key pension plans as […]

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